Goodwill at Smithridge Center

Big Box Stores / Posted 5 months ago by Rob Ippolito, Newmark Knight Frank / 128 views

  • Price : $10,500,000
  • Cap Rate : 5.33%
  • Net Operating Income : $559,156
  • Tenant : Goodwill
  • Lease Type : Single Tenant Net Lease
  • Lease Term Remaining (Years) : 15
  • Building Size (SF) : 43,012
  • Land Area (SF) : 161,412
  • Land Area (Acres) : 3.7055
  • Year Built : 1984

Highlights

  • Open & Paying Rent
  • Brand New Flagship Location
  • 15 Year Lease
  • Net Lease Structure
  • Rental Escalations
  • Brand New Roof & HVAC
  • Income Tax Free State

Newmark Knight Frank (NKF) Retail Capital Markets is pleased to present the opportunity to purchase a brand new, 15-year net-leased Goodwill in Reno, Nevada. The offering includes the freestanding 43,012 square foot, completely renovated Goodwill facility now anchoring Smithridge Center, a 117,396 square foot neighborhood shopping center strategically positioned at the northeast corner of the single most trafficked intersection (±45,400 AADT) in the entire submarket – McCarran Boulevard and Virginia Street.

This single tenant Goodwill facility within Smithridge Center offers a reliable, long-term income stream from a national brand tenant in the primary arterial of an explosive Reno market. NKF invites you to review the content of this Offering Memorandum for a detailed description of all that this investment opportunity offers.

5000 Smithridge DriveNevada,89502

Rob Ippolito
Newmark Knight Frank

858-875-5925

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